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Tech Scenes Unplugged with Marshall Hawks Author of Venture Debt Deals

“Execution is everything in startups.” - Marshall Hawks, author of Venture Debt Deals

In this episode of Tech Scenes Unplugged, Jeff Martin sits down with Marshall Hawks, author of Venture Debt Deals and a longtime leader in venture banking and lending.

Before becoming an author, Marshall spent more than two decades in venture banking, including sixteen years at Silicon Valley Bank, where he held nine different roles across three countries. Most recently, he led SVB’s Relationship Management organization in Northern California and oversaw the bank’s in-house private credit team, the Strategic Capital Group. Over his career, Marshall has worked closely with hundreds of startups — including Airbnb, Twitch, Fitbit, Planet Labs, Tubemogul, and Egnyte — giving him a rare, front-row view into how founders use (and sometimes misuse) venture debt.

The conversation dives deep into the mechanics of venture debt, how banks actually think about underwriting risk, and why venture debt can be a powerful — but often misunderstood — tool for extending runway and minimizing dilution. Marshall also shares candid insights on team dynamics, execution, and how the venture lending landscape has evolved in the wake of SVB’s collapse.

They explore what great lenders look for, how founders should evaluate financing options, and why building strong relationships with capital partners is just as important as raising the money itself.

Chapters:

00:00 The Role of Banks in Venture Debt
01:34 Introduction to Venture Debt Deals
04:03 The Journey to Authorship
09:07 History and Evolution of Venture Lending
12:22 Understanding Venture Debt
17:49 The Underwriting Process in Venture Debt
21:44 When to Use Venture Debt
25:19 Evaluating Team Dynamics
29:33 The Importance of Team Functionality
36:31 Case Study: Airbnb’s Success
46:03 The Impact of SVB’s Failure
51:26 Conclusion and Book Release

Watch now to understand how venture debt really works, what founders often get wrong about it, and how the best teams use capital as a strategic advantage — not a crutch.

📘 Learn more about the book Peak Teams – Mastering the Habit of Unstoppable Venture-Backed Companies
👉 https://a.co/d/hp5Jtnu

🌐 Visit Collective Genius™ to build your growth team with the Peak Operating System™
👉 https://www.collective-genius.com/

⏱️ Got 5 minutes? Take the Peak Teams Assessment to see where your team can level up
👉 https://www.collective-genius.com/peak-teams-assessment

#TechScenes #VentureDebt #Startups #Financing #Entrepreneurship #VentureCapital #SVB #Leadership #TeamDynamics #PeakTeams

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Get the Peak OS™ Newsletter to stay at the forefront of building high-performing, high-growth teams. Unlock exclusive access to best practices, essential tools, and valuable resources delivered right to your inbox.